Penguin Solutions Completes Divestiture of Remaining Interest in Brazil Memory Module Business

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for $46.08 million. This transaction follows a previous sale of 81% interest in November 2023. As a result, Zilia Technologies is now a wholly-owned subsidiary of Lexar Europe B.V., and Penguin Solutions no longer holds any interest in the company.

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About Penguin Solutions Inc.

Penguin Solutions Inc. is a cutting-edge technology company that focuses on providing innovative engineering services and software solutions. Headquartered in the United States, Penguin Solutions specializes in high-performance computing, cloud enablement, and electronic design automation. The primary function of the company is to support businesses in enhancing their technological capabilities by offering tailored solutions that streamline operations and improve efficiency. Penguin Solutions is integral to sectors such as telecommunications, aerospace, and automotive industries, where precision and high-efficiency computing are critical. The company is a notable player in the financial market due to its role in pioneering advancements in software and hardware integration, making it a valuable partner for enterprises looking to keep pace with rapid technological changes. Through its diverse portfolio, Penguin Solutions fosters significant improvements in productivity, contributing substantially to technological innovation and implementation across various industries.